Paynet leads Uzbek payment firms with a 313.7% profit surge in Q1 2026, driven by strategic acquisition and dividend inflow, while Payme and Click post steady growth.
Uzbek banks expanded their credit portfolios by 19.3 trillion UZS in Q1 2026, while non-performing loans rose by 1.8 trillion UZS, mainly driven by state-owned banks amid evolving risk challenges.
Uzbek banks must now retain a minimum balance of 1.236 million UZS on client cards during automatic debt repayments, preventing complete fund depletion.
Uzbekistan accelerates Asakabank privatization, transferring assets and securing state capital to enhance the bank's market viability and strategic competitiveness.
Tencent and key investors acquire a major stake in Kaspi.kz, advancing the fintech firm’s strategic growth and regional expansion with enhanced capital and expertise.